Indian data centre market expected to grow to Rs. 1,00,491 crore (US$ 11.6 billion) by 2032: Economic Survey
- IBEF
- February 3, 2025
India’s data centre market is projected to grow from Rs. 38,984 crore (US$ 4.5 billion) in 2023 to Rs. 1,00,491 crore (US$ 11.6 billion) by 2032, as outlined in the Economic Survey 2024-25 presented in Parliament. The market is experiencing strong expansion driven by increasing infrastructure development and demand for digital services. According to the survey, the growth rate is expected to be 10.98% annually. India’s cost advantage is attributed to its established IT and digital services ecosystem and affordable real estate, with construction costs averaging Rs. 58.91 crore (US$ 6.8 million) per MW in 2023. This is significantly lower than costs in Australia, Japan, and Singapore.
India's colocation data centre capacity reached 977 MW in 2023, reflecting a 105% YoY growth. A total of 1.03 GW is under construction for 2024-28, with an additional 1.29 GW planned. Furthermore, the government has impanelled 23 public and private cloud service providers under the GI Cloud initiative (MeghRaj) to meet the cloud requirements of various departments. As of November 30, 2024, the National Informatics Centre supports 1,917 applications on its cloud platform. The Economic Survey is an annual report that evaluates the country's economic state, prepared by the Economic Division within the Department of Economic Affairs under the Ministry of Finance.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
